There are some very smart people on this board as was evident by the quick diggestion of the earnings report and the private placement rip off.
Unfortunately the trailer crowd is in control now and their motto remains..."If the stock is going up the company must be good" so that's pretty hard to argue with right about now.
When the Greeks who control this company figure a way to hedge or dump the stock they just grabbed for $1.75 it could get ugly. This could be done by shorting against their recently acquired restricted long positions, (which for the most part is prohibited by most private placement agreements here in the US, but over there it's probably fair game, or even encouraged!).
Suffice it to say I'm looking to exit this most interesting holding the minute it touches 8 and I'm breakeven once again.
Greece is a great place to visit but owning their stock?...Well that's an entirely different story for me.